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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_________________________
SCHEDULE 13G
Under the Securities Act of 1934
Aaon, Inc.
___________________________________________________
(Name of Issuer)
Common Stock, $.004 par value per share
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(Title of Class of Securities)
000360206
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(CUSIP Number)
August 12, 1998
_________________________________________________________
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
The information required in the remainder of this cover page (except any items
to which the form provides a cross-reference) shall not be deemed to be "filed"
for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act")
or otherwise subject to the liabilities of that section of the Act but shall be
subject to all other provisions of the Act.
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CUSIP NO. 000360206 13G PAGE 2 OF 10 PAGES
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1 NAME OF REPORTING PERSON STEVEN A. VAN DYKE
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON NOT APPLICABLE
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(SEE INSTRUCTIONS) (a) [_]
(b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
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NUMBER OF 5 SOLE VOTING POWER
SHARES
0
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BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
707,200
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING
0
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PERSON 8 SHARED DISPOSITIVE POWER
WITH
707,200
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
707,200
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ] (SEE INSTRUCTIONS)
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.4%
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN, HC
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CUSIP NO. 000360206 13G PAGE 3 OF 10 PAGES
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1 NAME OF REPORTING PERSON DOUGLAS P. TEITELBAUM
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON NOT APPLICABLE
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(SEE INSTRUCTIONS) (a) [_]
(b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
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NUMBER OF 5 SOLE VOTING POWER
SHARES
0
-----------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
707,200
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING
0
-----------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH
707,200
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
707,200
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ] (SEE INSTRUCTIONS)
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.4%
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN, HC
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CUSIP NO. 000360206 13G PAGE 4 OF 10 PAGES
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1 NAME OF REPORTING PERSON TOWER INVESTMENT GROUP, INC.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 59-2924229
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(SEE INSTRUCTIONS) (a) [_]
(b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
FLORIDA
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NUMBER OF 5 SOLE VOTING POWER
SHARES
707,200
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BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
0
-----------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
707,200
-----------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
707,200
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ] (SEE INSTRUCTIONS)
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.4%
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
HC
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CUSIP NO. 000360206 13G PAGE 5 OF 10 PAGES
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1 NAME OF REPORTING PERSON BAY HARBOUR MANAGEMENT, L.C.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 59-3418243
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(SEE INSTRUCTIONS) (a) [_]
(b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
FLORIDA
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NUMBER OF 5 SOLE VOTING POWER
SHARES
707,200
-----------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
0
-----------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
707,200
-----------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
707,200
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ] (SEE INSTRUCTIONS)
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.4%
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IA
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CUSIP NO. 000360206 13G PAGE 6 OF 10 PAGES
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Item 1(a) Name of Issuer:
Aaon, Inc. (the "Issuer")
Item 1(b) Address of Issuer's Principal Executive Offices:
2425 South Yukon
Tulsa, Oklahoma 74107
Item 2(a) Name of Person(s) Filing:
Bay Harbour Management, L.C. ("Bay Harbour"), Tower Investment Group,
Inc. ("Tower"), as the majority stockholder of Bay Harbour, Steven A.
Van Dyke ("Mr. Van Dyke"), in his capacity as a stockholder and
President of Tower, and Douglas P. Teitelbaum ("Mr. Teitelbaum"), in
his capacity as a stockholder of Tower.
Item 2(b) Address of Principal Business Office:
The principal business address of Bay Harbour, Tower and Mr. Van Dyke
is 777 South Harbour Island Boulevard, Suite 270, Tampa, Florida
33602. Mr. Teitelbaum's principal business address is 885 Third
Avenue, 34th Floor, New York, NY 10022.
Item 2(c) Citizenship:
Bay Harbour - Florida
Tower - Florida
Mr. Van Dyke - United States
Mr. Teitelbaum - United States
Item 2(d) Title of Class of Securities
Common Stock, $.004 par value per share ("Aaon Common Stock")
Item 2(e) CUSIP Number:
000360206
Item 3 The person(s) filing is (are):
Bay Harbour is an investment adviser registered under Section 203 of
the Investment Advisers Act of 1940.
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CUSIP NO. 000360206 13G PAGE 7 OF 10 PAGES
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Tower is a parent holding company of Bay Harbour.
Mr. Van Dyke is a "parent holding company" of Bay Harbour.
Mr. Teitelbaum is a "parent holding company" of Bay Harbour.
Item 4(a) Amount Beneficially Owned:
As of August 31, 1998, Bay Harbour may be deemed to be the beneficial
owner of 707,200 shares of Aaon Common Stock as a result of voting and
dispositive power that it held with respect to the 707,200 shares of
Aaon Common Stock held for the account of five private investment
funds and one managed account.
As of August 31, 1998, Tower may be deemed to be the beneficial owner
of the 707,200 shares of Aaon Common Stock deemed to be beneficially
owned by Bay Harbour as referred to above. Tower is the majority
stockholder of Bay Harbour.
As of August 31, 1998, Mr. Van Dyke may be deemed beneficial owner of
707,200 shares of Aaon Common Stock deemed to be beneficially owned by
Bay Harbour as referred to above. Mr. Van Dyke is a stockholder and
President of Tower.
As of August 31, 1998, Mr. Teitelbaum may be deemed the beneficial
owner of 707,200 shares of Aaon Common Stock deemed to be beneficially
owned by Bay Harbour as referred to above. Mr. Teitelbaum is a
stockholder of Tower.
Item 4(b) Percent of Class:
11.4%
Item 4(c): Number of shares as to which Bay Harbour has:
(i) sole power to vote or direct the vote: 707,200
(ii) shared power to vote or to direct the vote: 0
(iii) the sole power to dispose of or to direct the disposition of: 707,200
(iv) shared power to dispose of or to direct the disposition of: 0
Bay Harbour does not currently possess any rights to acquire
additional shares of Aaon Common Stock.
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CUSIP NO. 000360206 13G PAGE 8 OF 10 PAGES
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Number of shares as to which Tower has:
(i) sole power to vote or direct the vote: 707,200
(ii) shared power to vote or to direct the vote: 0
(iii) the sole power to dispose of or to direct the disposition of: 707,200
(iv) shared power to dispose of or to direct the disposition of: 0
Tower does not currently possess any rights to acquire additional
shares of Aaon Common Stock.
Number of shares as to which Mr. Van Dyke has:
(i) sole power to vote or direct the vote: 0
(ii) shared power to vote or to direct the vote: 707,200
(iii) the sole power to dispose of or to direct the disposition of: 0
(iv) shared power to dispose of or to direct the disposition of: 707,200
Mr. Van Dyke does not currently possess any rights to acquire
additional shares of Aaon Common Stock.
Number of shares as to which Mr. Teitelbaum has:
(i) sole power to vote or direct the vote: 0
(ii) shared power to vote or to direct the vote: 707,200
(iii) the sole power to dispose of or to direct the disposition of: 0
(iv) shared power to dispose of or to direct the disposition of: 707,200
Mr. Teitelbaum does not currently possess any rights to acquire
additional shares of Aaon Common Stock.
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable
Item 6. Ownership of More than 5% on Behalf of Another Person.
The limited partners of the partnerships and the investors in the
managed accounts for which Bay Harbour acts as an investment adviser
have the right to participate in the receipt of dividends from, or
proceeds from the sale of, securities held by their funds or
accounts, as the case may be. Other than Trophy Hunter Investments,
Ltd., no such fund,
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CUSIP NO. 000360206 13G PAGE 9 OF 10 PAGES
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single limited partner of any of such funds nor any investor in a
managed account has the right to receive, nor the power to direct the
receipt of dividends from, or proceeds from the sale of, shares of
Aaon Common Stock reported in this Schedule 13G representing more than
five percent of the outstanding Aaon Common Stock
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company.
See Item 3 hereof.
Item 8. Identification and Classification of Members of the Group.
Not applicable.
Item 9. Notice of Dissolution of the Group.
Not applicable.
Item 10. Certification.
By signing below each of the undersigned certifies that, to the best
of such person's knowledge and belief, the securities referred to
above were acquired and are held in the ordinary course of business
and were not acquired and are not held for the purpose of or with the
effect of changing or influencing the control of the issuer of the
securities and were not acquired and are not held in connection with
or as a participant in any transaction having that purpose or effect.
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CUSIP NO. 000360206 13G PAGE 10 OF 10 PAGES
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SIGNATURE
After reasonable inquiry and to the best of their knowledge and belief,
each of the undersigned certify that the information set forth in this statement
is true, complete and correct.
BAY HARBOUR MANAGEMENT, L.C.
Date: September 8, 1998 By: /s/ Steven A. Van Dyke
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Name: Steven A. Van Dyke
Title: President and Chief
Executive Officer
TOWER INVESTMENT GROUP, INC.
Date: September 8, 1998 By: /s/ Steven A. Van Dyke
---------------------------
Name: Steven A. Van Dyke
Title: President
Date: September 8, 1998 /s/ Steven A. Van Dyke
-----------------------------
Steven A. Van Dyke
Date: September 8, 1998 /s/ Douglas P. Teitelbaum
------------------------------
Douglas P. Teitelbaum
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Exhibit Index
Exhibit I Joint Filing Agreement, dated September 8, 1998, by and among Bay
Harbour Management, L.C., Tower Investment Group, Inc., Steven A.
Van Dyke and Douglas P. Teitelbaum.
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Exhibit I
Joint Filing Agreement
The undersigned acknowledge and agree that the foregoing statement on
Schedule 13G is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement shall be filed on behalf of each of the
undersigned without the necessity of filing additional joint filing agreements.
The undersigned acknowledge that each shall be responsible for the timely filing
of such amendments, and for the completeness and accuracy of the information
concerning it contained therein, but shall not be responsible for the
completeness and accuracy of the information concerning the others, except to
the extent that it knows or has reason to believe that such information is
inaccurate.
This Agreement may be executed in counterparts and each of such
counterparts taken together shall constitute one and the same instrument.
BAY HARBOUR MANAGEMENT, L.C.
Date: September 8, 1998 By: /s/ Steven A. Van Dyke
---------------------------
Name: Steven A. Van Dyke
Title: President and Chief
Executive Officer
TOWER INVESTMENT GROUP, INC.
Date: September 8, 1998 By: /s/ Steven A. Van Dyke
---------------------------
Name: Steven A. Van Dyke
Title: President
Date: September 8, 1998 /s/ Steven A. Van Dyke
------------------------------
Steven A. Van Dyke
Date: September 8, 1998 /s/ Douglas P. Teitelbaum
-------------------------------
Douglas P. Teitelbaum
